In 2018, the United States launched a trade war with China, marking an abrupt departure
from its historical leadership in integrating global markets. By late 2019, the United States …

Recent supply disruptions catapulted the issue of risk in global supply chains (GSCs) to the
top of policy agendas and created the impression that shortages would have been less …

This paper surveys the recent body of work in economics on the importance of global value
chains (GVCs) in shaping international trade flows and production patterns. On the empirical …

We synthesize the literature on the recent rise of populism. First, we discuss definitions and
present descriptive evidence on the recent increase in support for populists. Second, we …

After decades of supporting free trade, in 2018 the United States raised import tariffs and
major trade partners retaliated. We analyze the short-run impact of this return to …

The US-China trade war created net export opportunities rather than simply shifting trade
across destinations. Many “bystander” countries grew their exports of taxed products into the …

Global supply chains have come under unprecedented stress as a result of US-China trade
tensions, the Covid-19 pandemic, and geopolitical shocks. We document shifts in the pattern …

This paper investigates whether the anti-scientific rhetoric of modern populists can induce
followers to engage in risky behavior. We gather electoral information, credit card expenses …

Trade elasticity which varies widely across products is a crucial parameter in evaluating the
welfare impacts of changes in trade frictions. We estimate trade elasticities at the product …

This paper examines the reshaping of supply chains using detailed US 10-digit import data
between 2017 and 2022. The results show that while US-China decoupling in bilateral trade …